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The Alternative Investment Management Association (AIMA), has launched a Chi
Signet Group, the USD1.7billion fund of hedge funds, is in the process of designing a portfolio to invest in Asia-based fund managers involved in private lending, particularly those targetin
US/UK trial specialist law firm, Kobre & Kim LLP, has opened a new office in Hong Kong, becoming the city’s fir
Merrill Lynch, a subsidiary of Bank of America, has taken the decision to allow RMB and RMB-denominated securities to be
Singapore hedge fund, Whitefield Capital Management, is delivering the kind of returns that should have investors flocking, producing two straight years of double-digit performance.
Frontier Capital Management has launched the FrontEdge Managed Futures Fund.
The fund is designed to offer investors an efficient method of accessing managed futures, and is the second alternative investment fund established by Frontier, following FrontEdge Global Hedge Fund which launched in 2009.
The managed futures asset class is currently experiencing increased interest, as its defensive properties were once again proven in the most recent bear market, with industry returns of around 17 per cent in 2008.
Frontier says the inclusion of managed futures in either traditional equity/bond or more diversified portfolios has been shown to improve risk-adjusted returns, and
Fund administration company Quintillion has completed its SAS 70 Type II independent service auditor’s report.
The certification was completed by accounting and audit firm Deloitte and Touche and provides verification of independent review and rigorous testing of Quintillion’s internal control environment.
The report includes testing on a broad range of internal controls including client boarding, transaction processing, cash and position reconciliations, valuations, NAV calculation, investor services, reporting, performance fee processing, data access, systems security, IT change management and data backup.
SAS 70 allows service providers to disclose their control activities and processes to their customers and their customer’s auditors
The Greenwich Composite Investable Index gained 1.21 per cent in October as equity markets continued their push higher on solid corporate earnings and anticipation of quantitative easing.
All of the Greenwich investable indices moved higher on the month, with funds focusing on directional trading strategies exhibiting the best results.
The Greenwich Futures Investable Index was the best performer for the month, gaining 2.73 per cent, putting its year-to-date return at over six per cent.
The Greenwich Long-Short Investable Index advanced likewise, netting 1.22 per cent as managers increased long positions.
Laggards on the month were more market neutral strategies, such
According to the Daily Telegraph, Close Brothers Group has hired Deloitte to assist in the disposal of its private banking, fund management and fund administration operations in Guernsey (pictured) and Jersey. Sources quoted by the newspaper suggest that the London-listed bank’s Channel Islands businesses may be worth up to GBP35m.
A spokesman for Close, which was founded in 1878, refused to confirm or deny the report, stating that the group “as a matter of course” never comments on market speculation.
If confirmed, the decision will follow the group’s announcement last month of the sale of its property fund management
Trafalgar Capital Management, the London based hedge fund manager, has teamed up with industry veteran Chris Poil to launch its first Ucits regulated vehicle, the Trafalgar Quadrant Fund.
The fund, a European long/short Ucits equity fund, predominately invests in UK equities drawn from the FTSE 350 universe and focuses on recovery situations.
The fund splits companies into four quadrants or segments based on their value and growth characteristics, taking long positions in companies that are priced cheaply with the potential for growth and conversely short positions in expensive businesses that are likely to disappoint.
Poil says: “Strong performance can be
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